Pre IPO Exceeds Management's Expectations
PST Ltd's (the "Company") pre IPO has exceeded management's expectations. In late 2004, PST began a pre IPO share placement, in which capital was raised through rounds of equity financing. The Company has been planning a share listing for 2005 and the process continues to move forward.
(PRWEB) March 23, 2005 -- 179 companies went public in the US in 2004, the highest number since 2000. When combined with the European Exchanges, the number of total companies listing on an exchange was much higher. Companies in the oil and gas sector are among the best performers of the year.
Superior Energy Services a company listed on the New York Stock Exchange is raising an additional USD $292.3 million. Superior Energy Services stock price has doubled in the past 12 months. In addition, TransMontaigne Partners, a pipeline and storage company has seen its stock price run up 50% since the beginning of 2005. TransMontaigne is seeking to raise an additional USD $105 million in a secondary offering.
"The IPO market had a nice rebound in 2004 and we hope that this trend continues in 2005", stated Mr. Woolman, President PST Ltd. The Company will provide further guidance as additional progress is made.
PST stands for Pipeline Security Technology. The company has zero debt, a full portfolio of products and a solid management team.
About the Company:
PST Ltd. is a global security and technology firm covering the oil & gas industry. The company has offices in the major oil producing regions around the world. PST is an international firm built by veteran oil industry engineers and provides vital technologies to the oil & gas industry. By developing and licensing cutting edge technologies, PST delivers a cost effective solution for securing infrastructure facilities such as oil pipelines, gas pipelines, oil exploration facilities, oil refineries, nuclear power plants, electrical power plants, water treatment plants and government facilities.
The statements in this press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results. This press release contains forward looking statements. In particular, when used in the preceding discussion, the words "plans", "confident that", "believe", "expect", or "intend to", and similar conditional expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any forward-looking statements.
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